Covenant

Est. 2018 HQ Spain Employees 14 Updated 2026-02-10
Hype Index trajectory2024-04 → 2026-04 · 24 of 25 months
3.16× · DOWN -4.19Fell from 7.35× to 3.16× — researcher interest cooling
0.0×2.8×5.5×8.3×11×2024-04: 7.35×2024-05: 6.19×2024-06: 7.67×2024-07: 9.53×2024-08: 6.29×2024-09: 7.67×2024-10: 7.38×2024-11: 6.24×2024-12: 6.00×2025-01: 6.19×2025-02: 4.09×2025-03: 6.23×2025-05: 6.19×2025-06: 4.15×2025-07: 5.00×2025-08: 2.56×2025-09: 5.00×2025-10: 4.13×2025-11: 3.85×2025-12: 3.92×2026-01: 4.09×2026-02: 3.88×2026-03: 4.09×2026-04: 3.16×3.16× nowQ2 24Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26

How Hype Index is computed · prospect-to-user intent ratio over the 24-month window

Churn Index trajectory2024-04 → 2026-04 · 24 of 25 months
0.00Flight-risk steady across the window
0.000.130.250.380.502024-04: 0.0382024-05: 0.0382024-06: 0.0002024-07: 0.0592024-08: 0.0482024-09: 0.0482024-10: 0.0382024-11: 0.0482024-12: 0.0592025-01: 0.0382025-02: 0.0312025-03: 0.0382025-05: 0.0002025-06: 0.0262025-07: 0.0002025-08: 0.0002025-09: 0.0002025-10: 0.0002025-11: 0.0002025-12: 0.0382026-01: 0.0002026-02: 0.0382026-03: 0.0312026-04: 0.0000.00 now Q2 24Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26

How Churn Index is computed · flight-risk signal over the 24-month window

What it is

Covenant is a real AI-native law firm focused on private-market investors rather than a generic horizontal legal software tool. The strongest corroborated evidence is its LP-side LPA review positioning, MFN election workflow for side letters, NDA triage product, and current company narrative around founders Jen Berrent and Richard Perris, the July 2025 $4M seed round, and a December 2025 product launch for venture deal execution. The previous draft had the right category but carried too many precise operating claims without enough source discipline; the rewrite keeps the private-markets vertical story while clearly separating official-site evidence from press-reported pricing and traction.

Company Info

  • Founded: 2018
  • Team size: 1-10 employees
  • HQ: Spain
  • Sector: Transactions, CLM & Contracting

What We Haven’t Verified

This page was assembled from publicly available information. Feature claims and workflow mappings are based on what the vendor and third-party listings publish — not hands-on testing or practitioner feedback.

Integrations

Platforms Covenant integrates with. Depth — where curated — reflects how native the connection is. Uncurated entries render without a depth dot.

  • Emma Legal

Deep — bi-directional API Medium — one-way sync / webhook Shallow — middleware / Zapier-class

Community ratings
Alternatives

Other Contract Lifecycle vendors in the directory. "Compare" pages are editorial and coming as we build them.